Should You Consider Selling Your Own Home?

Selling your own home sounds like a great way to save money. However, there are many pitfalls involved that you are probably unaware of.

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Today we are going to talk about selling your home on your own, commonly referred to as an FSBO (For Sale By Owner). It sounds like an enticing, easy, and inexpensive way of selling your home, but you are not seeing the whole picture. 

When it comes down to it, only 4% of FSBO homes listed result in successful sales. Meanwhile, 96% of FSBOs end up listing their home with an agent after their failed attempt.

Our team is here to support any avenue that you are considering as your neighborhood resource for over 30 years. We are here to answer any questions you have about selling your home on your own.

The reason most FSBO sellers end up hiring an agent is that they did not understand the work that went into the process before beginning it. Many also were unaware of the legal exposure that selling FSBO opens you up to. 

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96% of FSBO home sellers end up listing their home with an agent anyway.

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Another factor playing a role in all this is that homebuyers almost always work with an agent because the service of a buyer’s agent is free. Why would a buyer who is ready, willing, and able to buy want to deal with a homeowner directly when a Realtor is available for them?

If you have any more questions or if you are looking to buy or sell a home here in San Diego, please feel free to give us a call or send us an email. We look forward to hearing from you soon.